> Having studied physics myself, my opinion is that we may very well be at a similar point right now.
We're not anywhere near a technological plateau, we just lost track on funding. Until the fall of the Soviet Union, the US invested a lot of money in foundational research, often not even caring if it would prove useful or possible, and with big enough money behind it that people could plan careers.
These days, researchers have to waste half their working time to chasing the few grants that are still available, and forget about a stable career, job security or enough work-life balance to found a family.
It's really too sad ... I (PhD on CompSci) could helping on the research of something groundbreaking for humanity instead of "maximizing shareholder profits". But Academia basically sucks in its current state, and in my country there is less than 0 capabilities to do real research.
I do want us to pour money into foundational research, but form an outsider's perspective, it does seem like a lot of it does require increasingly large capital costs with things like the LHC, and feels all so theoretical.
I think it's worth every penny, but at first glance it feels incredibly abstract and disconnected from practical application, as well as expensive. (Though, to be honest, I just looked up the LHC cost and $9Bn USD doesn't feel expensive. I was expected it to come up in the hundreds of billions.)
We're not anywhere near a technological plateau, we just lost track on funding. Until the fall of the Soviet Union, the US invested a lot of money in foundational research, often not even caring if it would prove useful or possible, and with big enough money behind it that people could plan careers.
These days, researchers have to waste half their working time to chasing the few grants that are still available, and forget about a stable career, job security or enough work-life balance to found a family.